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Wall Street opens lower as inflation data stokes rate hike concerns

The Dow Jones Industrial Average fell 37.50 points, or 0.12 percent, at the open to 32,123.24.

May 11, 2022 / 07:22 PM IST

Wall Street's main indexes opened lower on Wednesday as U.S. consumer prices rose more than expected in April, fueling concerns about aggressive monetary policy tightening.


The Dow Jones Industrial Average fell 37.50 points, or 0.12 percent, at the open to 32,123.24.


Also Read: Explained | Why the US stock market is tumbling in 2022

The S&P 500 opened lower by 10.97 points, or 0.27 percent, at 3,990.08, while the Nasdaq Composite dropped 92.10 points, or 0.78 percent, to 11,645.57 at the opening bell



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Reuters
first published: May 11, 2022 07:18 pm
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